Climate Risk Attention and Value Chain Upgrading: A Multi-Network Embedding Perspective
気候リスク注意とバリューチェーン高度化：マルチネットワーク埋め込みの視点から (AI 翻訳)
Yiming Tong, Deheng Xiao
🤖 gxceed AI 要約
日本語
本論文は、中国A株上場企業の2008年から2024年のパネルデータを用いて、企業の気候リスク注意（CRA）がバリューチェーン高度化（VCU）を促進することを実証。CRAはグリーンR&Dネットワーク、グリーン投資家ネットワーク、グリーンガバナンスネットワークへの埋め込みを通じてVCUを向上させる。特に気候感受性の高い業種で効果が顕著。グリーンガバナンス能力、補助金、グリーン成果転換能力がこの効果を強化する。
English
Using panel data on Chinese A-share listed firms from 2008 to 2024, this study finds that firms' climate risk attention (CRA) significantly promotes value chain upgrading (VCU). The effect operates through embedding into green R&D, green investor, and green governance networks. The effect is stronger in climate-sensitive industries and is reinforced by green governance capability, subsidies, and green outcome transformation. These findings suggest that proactive attention to physical climate risks drives firms toward higher value-added segments.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国の実証研究であるが、日本企業にとっても気候リスクへの注意がバリューチェーン高度化につながる可能性を示唆する。ただし、日本独自のSSBJや有報開示との直接的な関連は薄い。
In the global GX context
This study provides empirical evidence from China that climate risk attention can drive value chain upgrading through green network embedding. While China-specific, it offers insights for global firms and policymakers on how attention to physical climate risks can be a strategic asset rather than a compliance burden.
👥 読者別の含意
🔬研究者:This paper provides a novel mechanism linking climate risk attention to value chain upgrading via network embedding, offering a framework for further research in different contexts.
🏢実務担当者:For corporate sustainability teams, the findings suggest that raising awareness of physical climate risks and engaging in green networks (R&D, investors, governance) can lead to moving up the value chain.
🏛政策担当者:Policymakers can consider how to facilitate green network formation to help firms leverage climate risk attention for upgrading.
📄 Abstract（原文）
Firms’ attention to physical climate risks arising from extreme weather events and long-term climate change has become a crucial strategic orientation that shapes how firms perceive, interpret, and respond to climate-related uncertainties. However, despite growing scholarly interest in climate risk and corporate sustainability, limited research has systematically examined whether and how firms’ climate risk attention (CRA) translates into value chain upgrading (VCU). Using panel data on Chinese A-share listed companies from 2008 to 2024, this study investigates the relationship between CRA and VCU. The empirical results show that CRA significantly promotes firms’ VCU, and that this effect is more evident among firms in climate-sensitive industries. Mechanism analyses further reveal that CRA facilitates firms’ embedding into green R&D networks, green investor networks, and green governance networks, which in turn enhance VCU. Further analyses indicate that green governance capability, green subsidies, and green outcome transformation ability strengthen the positive effect of CRA on VCU. These findings deepen the understanding of how climate-related strategic attention shapes firms’ sustainable transformation and provide evidence that proactive attention to physical climate risks not only improves environmental governance, but also serves as an important catalyst for firms to move toward higher value-added segments of the value chain.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/su18073546first seen 2026-05-17 06:57:18 · last seen 2026-05-19 05:08:46
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